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Dec 7, 2012
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spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face. between 50,090 thousand jobs notd be lost if a deal is reached. -- 50,090 thousand jobs could deal is not reached. a new proposal could be families living in the bloomingdale section of town. is live.dfrey >> engineers call this area an anomaly. it is where three major storm drains throughout the city converge. is a flash flood, people do not have a chance. proposal is hoping to help .hose >> ryan describes the hisruction left behind when flooded four times a in for summer having dried out with no help from officials, e is one steph ahead. >> we will have to hold our breaths for next year and hope our palms and sandbags will hold up another season. >> have a system in place to prevent this y as 2014.s earl the plan, two fold. a six block underground tunnel to store 6 million gallons of d sewage.er an >> i am glad to see my tax dol
spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face. between 50,090 thousand jobs notd be lost if a deal is reached. -- 50,090 thousand jobs could deal is not reached. a new proposal could be families living in the bloomingdale section of town. is live.dfrey >> engineers call this area an anomaly. it is where three major storm drains...
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Dec 6, 2012
12/12
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. >>> president obama took the fiscal cliff to virginia today. he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is bad for businesses large and small. >> president obama said that he supports keeping the bush-era tax cuts for the middle class but ending them on incomes over $250,000. lawmakers have until january 1st to strike a deal. >>> just a short time ago the national christmas tree was lit. president obama and the first family joined a star-studded cast to help usher in the holiday season. sue palka was there and joins us live tonight from the ellipse. hi, sue. >> reporter: you're catching me at a perfect time
. >>> president obama took the fiscal cliff to virginia today. he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that...
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Dec 7, 2012
12/12
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derek and anita. >> thank you, gary. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers
derek and anita. >> thank you, gary. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened...
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Dec 6, 2012
12/12
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cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. police are looking -- breaking nes from the district. the victim was stabbed in the side. crews say he is conscious and breathing. the suspect is a thin man wearing a tan shirt. they say he rode off on a bike. >> fbi agents carried out two raids in arlington. the first was in rosslyn possibly targeting the university of management and technology. academic dean explains his town house was also raided. fbi agents refused to say what they were looking for. no charges have been filed. >> a bank employee makes an expose of di
cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the...
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Dec 5, 2012
12/12
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. >> pentagon and other federal agencies are beginning the process for preparing for deep spending cuts. with 27 days to go fiscal friday worked. >> we can't negotiate with ourselves. >> house republican leaders called for a sit-down with president obama and blasted him for turning down their deal. >> he put an offer on if table and he has rejected it. where are the specifics? where are the discussions? >> the president pointed the finger right back. >> nobody wants to get this done more than me. >> telling business leaders that if they use the fiscal cliff to wage a deal they have another thing coming. >> it is a bad strategy for america and it is not a gamely play. >> the stalemate comes as both parties remain at odds on whether to raise taxes on the welty and how deep to cut entitlement programs like social security and medicare. >> just because we're at a stalemate doesn't mean we won't get to a deal. >> they explain that grand standing is part of the play book. >> they will use every day between christmas and new years to push back and forth to have each side air their grievances.
. >> pentagon and other federal agencies are beginning the process for preparing for deep spending cuts. with 27 days to go fiscal friday worked. >> we can't negotiate with ourselves. >> house republican leaders called for a sit-down with president obama and blasted him for turning down their deal. >> he put an offer on if table and he has rejected it. where are the specifics? where are the discussions? >> the president pointed the finger right back. >>...
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Dec 6, 2012
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then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows what may happen from this point to that point. as far as her role as a democrat, i think by working along with the republicans, she would make a difference. ho
then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies...
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lawmakers have until december 31st to reach a deal to avoid dramatic tax heights and budget cuts. the president wants higher taxes on people making more than $250,000 a year. to make up $1.6 trillion in 10 years. republicans want to close loopholes, make half as much money and not raise taxes. >>> businessman greg hall files an appeal. neither should get the seat. the democratic central committee has nominated hall to replace alston. the judge ruled that governor omaley will pick the next one. >> a court battle between a home contractor and an unhappy customer. a judge in fairfax county has ordered a woman, the homeowner, to remove parts of her posts on yelp and on angie's list. jane perez is the homeowner. she complained about repairs. she also claimed that some of her jewelry disappeared while the contractor had the only other key to her home. the contractor is named christopher dietz. the judge says that the woman's po posts about her jewelry goes too far and she has to remove that part of her accusation. >> people have a right to write a review that's honest and truthful. if i
lawmakers have until december 31st to reach a deal to avoid dramatic tax heights and budget cuts. the president wants higher taxes on people making more than $250,000 a year. to make up $1.6 trillion in 10 years. republicans want to close loopholes, make half as much money and not raise taxes. >>> businessman greg hall files an appeal. neither should get the seat. the democratic central committee has nominated hall to replace alston. the judge ruled that governor omaley will pick the...
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Dec 7, 2012
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president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear
president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond...
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Dec 6, 2012
12/12
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WBAL
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the vifert was meant to highlight the consequences of letting the tax cuts expire on the middle class. >> if this family has a couple thousand dollars throast spend it is what the consumers are going to be spending next year. >> democratic leaders are arguing in favor of a tax rate hike on the very rich. >> the people who are making this money are willing to pay the extra money. the american people believe they should pay the extra money. >> republican leaders labeling the president as a spendinged a dignity. >> it is about spending more than he already has. >> economists say that joint economic committee hearing turge two sides to compromise. >> you have to nail this down. >> one telling lawmakers it will take a combination of higher tax rates, tax reform, and spending cuts to avert the fiscal cliff. >> i think the president's proposal is short. i think to get where we need to get my $3 trillion target we need $1.2 trillion in spending cuts. >> a growing number of house republicans are open the raising tax rids on the wealthy but only if it is part of a larger reduction deal. >> auth
the vifert was meant to highlight the consequences of letting the tax cuts expire on the middle class. >> if this family has a couple thousand dollars throast spend it is what the consumers are going to be spending next year. >> democratic leaders are arguing in favor of a tax rate hike on the very rich. >> the people who are making this money are willing to pay the extra money. the american people believe they should pay the extra money. >> republican leaders labeling...
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Dec 6, 2012
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today president obama and house speaker john boehner spoke on the phone about the looming budget cuts, but as of now, no evidence there's any future negotiations scheduled. a new poll by the associated press shows 48% of those asked support letting tax cuts expire january 1st for those earning more than $250,000 a year, but extending them for everybody else. just 32% say the cuts ought to be extended across the board. joining us now to talk fiscal cliff and ramifications for all of us around here in the d.c. area, virginia congress member gerry connolly, a democrat representing annandale, parts of prince herndon county, fairfax, welcome, sir. we know the arguments by now, very familiar. the president wants to cut off the tax cuts for everybody making over a quarter million. john boehner and the house republicans would rather see deductions and hoop holes closed. why are you? are you with the president wholeheartedly on this? >> well, i certainly agree with the president that we need to let the top tax bracket expire. he ran explicitly on that. there weren't a lot of explicits in this
today president obama and house speaker john boehner spoke on the phone about the looming budget cuts, but as of now, no evidence there's any future negotiations scheduled. a new poll by the associated press shows 48% of those asked support letting tax cuts expire january 1st for those earning more than $250,000 a year, but extending them for everybody else. just 32% say the cuts ought to be extended across the board. joining us now to talk fiscal cliff and ramifications for all of us around...
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Dec 10, 2012
12/12
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many republicans do not support extending benefits without cutting other costs. and marilyn couples need not worry. attorney-general doug danziger said even if the high court comes down on the defense of marriage act, it will not impact marilyn's law. -- maryland because the law. >> what it could do, if it were to uphold that, which is unlikely, then it would continue to deny same-sex couples rights that come to them under the federal laws. for example, on tax returns. even though maryland has passed same-sex marriage, you cannot file federal tax returns as a married couple. that would stay in place. same-sex couples can and will be able to get married in maryland. >> the court will take up the case in march and should announce the decision by june. >> the fog is starting to live, but still mostly cloudy out right now. the wind is starting to shift out of the south. 57 degrees currently at b.w.i. marshall. the dewpoint is at 57 as well. we are seeing the wind pick up, which should clear out the low- lying clouds. mid 50's around baltimore. loh 50's north of us. n
many republicans do not support extending benefits without cutting other costs. and marilyn couples need not worry. attorney-general doug danziger said even if the high court comes down on the defense of marriage act, it will not impact marilyn's law. -- maryland because the law. >> what it could do, if it were to uphold that, which is unlikely, then it would continue to deny same-sex couples rights that come to them under the federal laws. for example, on tax returns. even though...
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today president obama traveled to falls church. he met with the santana family, a family the president says would be hit hard if congress doesn't extend middle class tax cuts. >> a couple thousand dollars means a couple months' rent for this family. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> at a senate hearing today one economist backed the republican plan. he testified he can't imagine anyone looking at the president's proposal arguing it wouldn't throw the country into a recession. >> while the impact of going over that fiscal cliff will be far and wide, there's one local jurisdiction that is especially vulnerable. massive spending cuts could lead to huge reductions in federal contractors and that would be a devastating blow to fairfax county. peggy fox explains. >> reporter: northern virginia is the economic engine of the state. what is it that's transformed and built the economy? federal
today president obama traveled to falls church. he met with the santana family, a family the president says would be hit hard if congress doesn't extend middle class tax cuts. >> a couple thousand dollars means a couple months' rent for this family. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> at a senate hearing today one economist backed the...
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Dec 7, 2012
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between 50,000 to 90,000 jobs could be lost if across-the- board spending cuts and tax increases are not averted. mike miller says that it will help determine what major finance initiatives will need to be considered for the state's upcoming legislation. president barack obama says approach in the fiscal cliff will add to holiday stress for american families. >> the closer it gets to the brink, the more stressed they will be. businesses are making decisions right now about investment and hiring. they don't have confidence that we can get this thing done, they will start pulling back and we could have a lousy time in our haqqani for the next several months. >> the president made the remarks while visiting with the virginia family to talk about the budget crisis. >> for now, the stalled negotiations cannot seem to be affecting local holiday shopping and events in and around baltimore. >> harbour east is one of the air is a special -- with special events going on throughout the city. winter wonderland promotes local artists and shoppers can get free parking. it is about promoting busine
between 50,000 to 90,000 jobs could be lost if across-the- board spending cuts and tax increases are not averted. mike miller says that it will help determine what major finance initiatives will need to be considered for the state's upcoming legislation. president barack obama says approach in the fiscal cliff will add to holiday stress for american families. >> the closer it gets to the brink, the more stressed they will be. businesses are making decisions right now about investment and...
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Dec 5, 2012
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and it will respond directly, presumably priestly to cut the tolls in half. reading between the lines and the statements, it sounds like the answer is no. >> indeed, it does. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 bi
and it will respond directly, presumably priestly to cut the tolls in half. reading between the lines and the statements, it sounds like the answer is no. >> indeed, it does. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved....
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Dec 7, 2012
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he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout for the annual lighting of the tree. the president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion worke
he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout...
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Dec 7, 2012
12/12
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considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get there, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now? have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 trillion number, that is a politically sensitive number. obama might want to get above $1 trillion. republicans will want to keep it below $1 to win. host: are the senate ways and means and finance committees involved in these discussions? guest: sam bachus, the ways and means chairman, they're keeping in touch. their staff are very involved, because they're the guys who know all about taxes. they are definitely going to be involved in negotiations, even if they are slightly not in the heart of it, which is boehner and
considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get there, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now? have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will...
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Dec 6, 2012
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today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been out there all afternoon. people are still pretty excited, aren't they? >> reporter: this is such a wonderful time on the ellipse out here right across from
today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president...
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the white house has now asked federal agencies to plan for more than $100 billion in cuts. that's what happens if the issue is not resolved by december 31st. >> we've got to cut spending and i believe it's appropriate to put revenues on the table. >> let's allow higher rates to go up for the top 2%. that includes all of you, yes? >> president obama speaking to business leaders when he made that comment today at the white house. insists he will veto any bill that does not include tax increases on wealthier americans. >>> coming up an online shopping horror story, a maryland woman's story may convince you to read the fine print. >> last night we were around 60 degrees most places at this hour. tonight we're some 20 degrees colder than that. i'll let you know how low it gets overnight and if we'll see more warm air on the horizon, but get ready for a chilly overnight. the rest of the forecast is coming up on the news edge at 11:00. >> this is fox 5 news edge at 11:00. you won't take my l life. you won't take our future. aids affects us all. even babie
the white house has now asked federal agencies to plan for more than $100 billion in cuts. that's what happens if the issue is not resolved by december 31st. >> we've got to cut spending and i believe it's appropriate to put revenues on the table. >> let's allow higher rates to go up for the top 2%. that includes all of you, yes? >> president obama speaking to business leaders when he made that comment today at the white house. insists he will veto any bill that does not...
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Dec 10, 2012
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president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look, chris. we have to have a $4.4 trillion solution. i know senator schumer, i've talked with him numbers of times. he knows what we need to do and most republicans and democrats do. i think it's time for the president, he knows that there's a growing body of folks willing to look at the rate on the top 2% but that's only -- could be $400 billion, it made be 800 billion-dollar and many of us are beginning to see we could end up with a lesser revenue increase by agreeing to that. the shift in focus and entitlements is where we need to go. it's a shame we're not sitting down and solving th
president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look,...
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Dec 8, 2012
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MSNBCW
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security chrks can be phased in g
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate...
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has talked about thus far, they couldn't pass either house of the congress. >> reporter: president obama says he will not sign a bill without a tax increase on incomes over $250,000. he met with a room full of ceos in washington today. >> i know that many of you have come down here to try to see, there a way we with break through the logjam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more than me. >> reporter: and yet house speaker john boehner says the president hat not responded to republicans' latest proposal. >> that offer included significant spending cuts and reforms and it included additional revenue. and frankly, it was the balanced approach that the president has been asking for. >> reporter: perhaps the boehner-obama phone call has moved things along. >> there is lots of activity looking at options. what we don't have is a meeting of the mind. this will require a difficult compromise on all sides to get the job done. >>> also this morning, the developing crisis in syria. unnamed u.s. officials say the syrian army has loaded dead
has talked about thus far, they couldn't pass either house of the congress. >> reporter: president obama says he will not sign a bill without a tax increase on incomes over $250,000. he met with a room full of ceos in washington today. >> i know that many of you have come down here to try to see, there a way we with break through the logjam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more than me. >> reporter: and yet house...
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. >> reporter: president obama said that he supports keeping the bush era tax cuts for the middle class in place but ending them on incomes over $250,000 if there is no deal by new year's, everyone pays more. >> if this family has a couple of thousand left to spend, that translates into $200 billion of what consumer spending next year and that is bad for businesses, large and small. >> reporter: they won't support tax hikes but will support raising revenues by limiting tax deductions, closing loopholes and cutting spending. >> i think it's safe to say at that point that the president is not interested in a balanced agreement. he's not particularly interested in avoiding the fiscal cliff and he's not interested at all in cutsing any spending. >> reporter: democrats say with so much at stake from defense jobs to unemployment benefits and higher taxes on all households, republicans are simply stalling what needs to be done. >> it's apparent how this will end. the only question is when will it end? you know, it's how long will speaker boehner make middle class families wait for relief. >> r
. >> reporter: president obama said that he supports keeping the bush era tax cuts for the middle class in place but ending them on incomes over $250,000 if there is no deal by new year's, everyone pays more. >> if this family has a couple of thousand left to spend, that translates into $200 billion of what consumer spending next year and that is bad for businesses, large and small. >> reporter: they won't support tax hikes but will support raising revenues by limiting tax...
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Dec 9, 2012
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he says i will give you cuts in the future but he is not specific. his speeches are always peppered with we have to invest. he does not mean in the private sector. he wants more the firefighters, teachers, policemen. this adds to the public debt. we are borrowing, from what i read yesterday, 46 cents on every dollar. that appears to me to be untenable. i am no fan of john boehner but he makes an offer that got him in touch with the rest of the republicans, by the way, because they said he was capitulating but now, obama comes back with it is not good enough. host: let me go back to the "washington times"store rate -- guest: in the current environment that is the correct policy. component ofone gdp growth providing growth and that is the federal government. in the current environment, you don't want to reduce that substantially. host: when do you bend that curve? guest: i think we are past passing stimulus bill. we have been growing officially since june of 2009. more past the need for fiscal policy. we need better economic growth policies. when the t
he says i will give you cuts in the future but he is not specific. his speeches are always peppered with we have to invest. he does not mean in the private sector. he wants more the firefighters, teachers, policemen. this adds to the public debt. we are borrowing, from what i read yesterday, 46 cents on every dollar. that appears to me to be untenable. i am no fan of john boehner but he makes an offer that got him in touch with the rest of the republicans, by the way, because they said he was...
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Dec 7, 2012
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president obama sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. the president says he is in favor of extending tax breaks for people peaking $250,000 a year or less but not for the top 2%. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> there are ways to limit the deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates. >> going over the fiscal cliff also means the 2% payroll tax holiday would expire. it would also mean cuts in unemployment benefits for millions of families. >>> police in prince william county are investigating a sexual assault at a motel in woodbridge. this happened wednesday night. a clerk at the econo lodge says she was attacked by a map in the room. this is the third reported attack in that area in a movement. >>> now a warping for students and staff at george washington university after police say there was an attempted sexual assault on campus and a series of burglaries. the
president obama sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. the president says he is in favor of extending tax breaks for people peaking $250,000 a year or less but not for the top 2%. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> there are ways to limit the deductions, close loopholes and have the same people pay more of their money to the federal government...
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Dec 6, 2012
12/12
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president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between players and owners. both sides sound optimistic the season can be salvaged. talks will continue today. the work stoppage has wiped out all games through december 14 as well as the new year's day winter classic and the all-star game. >> same-sex marriage licenses will be issued starting today and several maryland counties. couple will be able to get married starting on january 1. some counties that have confirmed they will begin issuing licenses today include anne arundel frederick, and montgomery. maryland maine, and washington became the first states to pass a same-sex marriage by popular vote. washington state same-sex marriage law takes effect today. the governor signed the law during a ceremony at the state capital.
president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between players and owners. both sides sound optimistic the season can be salvaged. talks will continue today. the work...
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Dec 7, 2012
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that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the
that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security...
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Dec 5, 2012
12/12
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that president obama asked for of 400, almost $485 billion in 2011, even with the cuts in the army that that would have involved, the army would have still been roughly 30 or 40,000 troops bigger than it was when i became secretary in december of 2006. because i increased the size of the army by 65,000 in 2007, and then gave them an additional temporary increels of 2000 in 2008, or in 2010, rather, increels of 200,000, so i worry we think the answer is always go to be high tech, because it is cleaner, it is -- it dictates a different kind of war than we fought in iraq and afghanistan and i hope those are the kind of wars, if we have to fight, that that is what we don't have to go through what we went through in iraq and afghanistan, but i remember .. one of my favorite quotes is from general joe still well, from world war two, who basically said how a war starts, it always ends in mud. >> rose: ground forces fighting each other. >> and so you just don't know .. and because you don't know, you need to preserve flexibility. >> rose: you can't occupy with machines, can you, from the air? >
that president obama asked for of 400, almost $485 billion in 2011, even with the cuts in the army that that would have involved, the army would have still been roughly 30 or 40,000 troops bigger than it was when i became secretary in december of 2006. because i increased the size of the army by 65,000 in 2007, and then gave them an additional temporary increels of 2000 in 2008, or in 2010, rather, increels of 200,000, so i worry we think the answer is always go to be high tech, because it is...
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Dec 11, 2012
12/12
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number three, we have the tax cuts, both the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is at an 80-year low. we simply cannot find the government with their revenues and the loss of jobs that we have. >> host: let me go back to you on that. is that true? >> the cbo has done a study. he got rid of all the current tax cuts, including the payroll tax cut, all parts of the biggest tax cut, not just the top level, and you have sequestration, so you actually have spending cuts, you could reduce that federal budget deficit to about 250- $300 billion in very short order. so this is a combination. we have had spending increases. let's not kid ourselves. we're coming of the worst. were spinning is dropping precipitously, and we're still running trillion dollar deficit. it's not all about the worst. it's about taxes and other spending. in the future let's not forget it will be in the social security and medicare and medicaid and all of which go into making ---financing around the end of th
number three, we have the tax cuts, both the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is at an 80-year low. we simply cannot find the government with their revenues and the loss of jobs that we have. >> host: let me go back to you on that. is that true? >> the cbo has done a study. he got rid of all the current tax cuts, including the payroll tax cut, all parts of the biggest...
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obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a deal
obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they...
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Dec 8, 2012
12/12
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obama will come back and say no, we're going to eliminate the tax cuts for the rich. we're just going to give them to the middle class, and that's where they're ahead in public opinion, but i think they're not going to have i any choice. republicans have to stick together. they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr. president, we'll just do it. >> well said as always. charles krauthammer, thanks so much for being with us. appreciate it. >> it's a pleasure. >>> coming up, jones makes a grand return and gloats about the victory in the election. his speech was nothing short of offensive. we'll play it for you. you'll hear the less than civil rhetoric being spewed by the former green jobs czar. the situation in syria has hit critical mass that president assad is ready to launch chemical weapons on his own people. president obama issued a warning to assad. to assad. will he stand by his own try
obama will come back and say no, we're going to eliminate the tax cuts for the rich. we're just going to give them to the middle class, and that's where they're ahead in public opinion, but i think they're not going to have i any choice. republicans have to stick together. they have to resist the pressure of the white house, and if obama wants to take them over a cliff and wants to inherit a new recession which will destroy his second term, i think they ought to say if that's what you want, mr....
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darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least get this $8.1 million this year off of his hit song "gangnam style." that just is from the ads on his youtube video and sales of the song on itunes. terrell, we've got to get some itune singing/dancing thing going on. >> you sing i'll dance. >> i'll dance, you sing. >> you daenlt want me to dance. >> i think we want that. >> ashley morrison in new york. thank you so much. >>> in sports rack up another milestone for lakers superstar bryant. he seeks a jumper for his 30,000th career point. he's only the fifth player in nba history to do that. for the game bryant pumped in 29 points to help them take down the hornets. and a thriller in
darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least get this $8.1...
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. >>> president obama is taking his message of mid-class tax cuts back on the road. he's heading to m tomorrow the plant is a uaw shop and it's expected to pull him into the debate over the union's and to organize workers. those are your top stories. "reliable sources" is up at the top of the hour but right now back to "fareed zakaria gps." >>> one out of two men will develop cancer in their lifetime. women are a little luckier. one out of three will get it. regards of your sex, those are terrifying numbers. but all of that could change because cures are inside. this is the president of the world's largest cancer center, m.d. anderson in houston, texas. >>> you believe we are at a point where we could actually cure cancer. >> i think we're at a major turning point in the history of cancer medicine where we have a very deep understanding of how it comes about and if it is established, how to deal with it. want and we have game-changing technological skranss that allow us to do much better care, cancer care of patients. >> what is the game-changing technology? what's h
. >>> president obama is taking his message of mid-class tax cuts back on the road. he's heading to m tomorrow the plant is a uaw shop and it's expected to pull him into the debate over the union's and to organize workers. those are your top stories. "reliable sources" is up at the top of the hour but right now back to "fareed zakaria gps." >>> one out of two men will develop cancer in their lifetime. women are a little luckier. one out of three will get...
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progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican propoise -- proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues we're putting on the table are going to come from, guess who? the rich. >> reporter: republicans say if bush-era tax cuts are not extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> max olson opened an shrpses company this year. and is concern
progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we...
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Dec 5, 2012
12/12
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the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the first of the year. that passed in july. the house can take that up. there's already been -- every democrat in the house has agreed they will vote for that. we need only 25 or 26 republicans in the house to make life something that's stable for people making less than $250,000 a year. the presiding officer: the senator from arizona. mr. mccain: mr. president, could i ask my friend from maryland if he has spoken yet on the magnitsky portion of this bill? the presiding officer: the senator from maryland. mr. cardin: we have not yet gotten to the bill. i believe that we're prepared now to go t
the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the first of the year....
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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Dec 6, 2012
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for the first time in days, president obama and house speaker john balkaner spoke by phone about the looming deadline. there reportedly was no major progress but leaders say it was a start. the two sides have agreed to tax reforms and spending cuts but are still at a stalemate on raising attacks on incomes over $250,000. >> the hold-up right now is that speaker boehner took a position i think the day after the campaign that said we're willing to bring in revenue but we're not willing to increase rates. >> i'm be here an i'll be available at any moment to sit down with the president to get serious about solving this problem. >> speaker boehner says the president has not responded to the republicans' latest proposal that does not include a tax increase on wealthy americans. >>> new this thursday morning, former delegate tiffany alston is officially out of office. yesterday, a prince george's county judge ruled that she was out of office following her october plea deal relating to office misconduct. the judge also ruled that the nomination of greg hall by the democratic committee to rep
for the first time in days, president obama and house speaker john balkaner spoke by phone about the looming deadline. there reportedly was no major progress but leaders say it was a start. the two sides have agreed to tax reforms and spending cuts but are still at a stalemate on raising attacks on incomes over $250,000. >> the hold-up right now is that speaker boehner took a position i think the day after the campaign that said we're willing to bring in revenue but we're not willing to...